C.R.S. Section 15-15-410
Purchaser from grantee-beneficiary protected


(1)

Subject to the rights of claimants under section 15-15-407 (2), if the property acquired by a grantee-beneficiary or a security interest therein is acquired for value and without notice by a purchaser from, or lender to, a grantee-beneficiary, the purchaser or lender shall take title free of rights of an interested person in the deceased owner’s estate and shall not incur personal liability to the estate or to any interested person.

(2)

For purposes of this section, any recorded instrument evidencing a transfer to a purchaser from, or lender to, a grantee-beneficiary on which a state documentary fee is noted pursuant to section 39-13-103, C.R.S., shall be prima facie evidence that the transfer was made for value. Any such sale or loan by the grantee-beneficiary shall not relieve the grantee-beneficiary of the obligation to the personal representative of the deceased owner’s estate under section 15-15-103.

Source: Section 15-15-410 — Purchaser from grantee-beneficiary protected, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-15.­pdf (accessed Oct. 20, 2023).

15–15–101
Nonprobate transfers on death
15–15–102
Will not to affect joint tenancy in real property or personalty
15–15–103
Liability of nonprobate transferees for creditor claims and statutory allowances
15–15–201
Definitions
15–15–202
Limitation on scope of part
15–15–203
Types of account
15–15–204
Forms
15–15–205
Designation of agent
15–15–206
Applicability of part
15–15–211
Ownership during lifetime
15–15–212
Rights at death
15–15–213
Alteration of rights
15–15–214
Accounts and transfers nontestamentary
15–15–216
Community property and tenancy by the entireties
15–15–221
Authority of financial institution
15–15–222
Payment on multiple-party account
15–15–223
Payment on POD designation
15–15–224
Payment to designated agent
15–15–225
Payment to minor
15–15–226
Discharge
15–15–227
Set-off
15–15–301
Definitions
15–15–302
Registration in beneficiary form
15–15–303
Registration in beneficiary form
15–15–304
Origination of registration in beneficiary form
15–15–305
Form of registration in beneficiary form
15–15–306
Effect of registration in beneficiary form
15–15–307
Ownership on death of owner
15–15–308
Protection of registering entity
15–15–309
Nontestamentary transfer on death
15–15–310
Terms, conditions, and forms for registration
15–15–311
Application of part
15–15–401
Definitions
15–15–402
Real property - beneficiary deed
15–15–403
Medicaid eligibility exclusion
15–15–404
Form of beneficiary deed - recording
15–15–405
Revocation - change - revocation by will prohibited
15–15–406
Acknowledgment
15–15–407
Vesting of ownership in grantee-beneficiary
15–15–408
Joint tenancy - definitions
15–15–410
Purchaser from grantee-beneficiary protected
15–15–411
Limitations on actions and proceedings against grantee-beneficiaries
15–15–412
Nontestamentary disposition
15–15–413
Proof of death
15–15–414
Disclaimer
15–15–415
Applicability
Green check means up to date. Up to date

Current through Fall 2024

§ 15-15-410’s source at colorado​.gov